...Source: BMI From ---- onwards, spending on infrastructure is forecast to wane as the economy transitions towards greater reliance on education, health, professional services and other knowledge-based sectors to drive growth. ...Source: BMI From ---- onwards, spending on infrastructure is forecast to wane as the economy transitions towards greater reliance on education, health, professional services and other knowledge-based sectors to drive growth. In the interim period however, we expect to see high levels of spending sustained as Qatar continues to develop the non-hydrocarbon sector. ...The trend will persist into ---- as growth again slows from the previous year. This forecast remains dependent upon two key underlying trends: base effects from projects which entered construction over
...While the budget balance is forecasted by our Country Risk to enter into a deficit this year - a result of the ongoing subdued commodities outlook - the country is expected to withstand this slump, moving back into positive territory from ---- (see Learning To Live With Stronger Growth , May --). The major infrastructure investment ongoing in Qatar will be key to supporting economic growth, particularly as the government strives to diversify its economy away from commodities. ...The major infrastructure investment ongoing in Qatar will be key to supporting economic growth, particularly as the government strives to diversify its economy away from commodities. Indeed, the Qatari economy has been well-shielded from the effects of subdued oil prices, thanks to prudent government fiscal policies and the fact liquefied natural gas - Qatar s main export - is less affected by price volatility than oil. Qatar also has a sizeable huge sovereign wealth fund (around USD---bn) and is able to tap into international debt markets. ...Indeed, the Qatari economy has been well-shielded from the effects of subdued oil prices, thanks to prudent government fiscal policies and the fact liquefied natural gas - Qatar s main export - is less affected by price volatility than oil. Qatar also has a sizeable huge sovereign wealth fund (around USD---bn) and is able to tap into international debt markets.
...We anticipate Qatar s construction industry to record -- real growth in ---- and -- over the next five years up to ----. Nominal industry value is set to rise from an estimated USD--bn in ---- to USD--.-bn in ----. Investment flows into non-residential building as the country readies itself to host the FIFA World Cup ---- will be the key driver of construction industry growth over the medium term. Our Country Risk team note that low hydrocarbons prices do not present a significant threat to Qatar s fiscal stability, enabling it to funnel significant expenditure into strategic infrastructure developments. Our Country Risk team note that low hydrocarbons prices do not present a significant threat to Qatar s fiscal stability, enabling it to funnel significant expenditure into strategic infrastructure developments. ...
